Advertisement
Singapore markets open in 4 hours 25 minutes
  • Straits Times Index

    3,415.51
    +47.61 (+1.41%)
     
  • S&P 500

    5,537.02
    +28.01 (+0.51%)
     
  • Dow

    39,308.00
    -23.85 (-0.06%)
     
  • Nasdaq

    18,188.30
    +159.54 (+0.88%)
     
  • Bitcoin USD

    59,706.03
    -2,245.79 (-3.63%)
     
  • CMC Crypto 200

    1,253.19
    -81.72 (-6.12%)
     
  • FTSE 100

    8,171.12
    +49.92 (+0.61%)
     
  • Gold

    2,369.40
    +36.00 (+1.54%)
     
  • Crude Oil

    83.88
    +1.07 (+1.29%)
     
  • 10-Yr Bond

    4.3550
    -0.0810 (-1.83%)
     
  • Nikkei

    40,580.76
    +506.06 (+1.26%)
     
  • Hang Seng

    17,978.57
    +209.43 (+1.18%)
     
  • FTSE Bursa Malaysia

    1,615.32
    +17.36 (+1.09%)
     
  • Jakarta Composite Index

    7,196.75
    -7,125.14 (-49.75%)
     
  • PSE Index

    6,450.03
    +91.07 (+1.43%)
     

Keppel DC REIT priced $90 mil floating rate notes due 2026

The notes bear interest at a floating rate based on the compounded daily SORA plus an agreed spread, payable in quarterly arrears.

The manager of Keppel DC REIT (KDCREIT) AJBU has priced $90 million of floating rate notes due 2026.

The notes will be issued by DBS bank under KDCREIT MTN’s $2 billion multicurrency debt issuance programme.

The net proceeds from the issue of notes will be used towards the financing or refinancing acquisitions, investments, general working capital purposes and borrowings of KDCREIT, as well as for on-lending.

The notes will be issued at an issue price of 100.0% of the principal amount in denominations of $250,000 and bear interest at a floating rate based on the compounded daily Singapore Overnight Rate Average (SORA) plus an agreed spread, payable quarterly in arrears.

ADVERTISEMENT

The notes are expected to be issued on Dec 8 and will mature on 3 Dec 2026.

Units in Keppel DC REIT closed 3 cents lower or 1.6% up at $1.84 on Nov 30.

See Also: